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Atlantic House
Balanced Return Fund

The fund aims to deliver positive returns over the medium to long term across a range of market conditions, with around half to two thirds the volatility of equity markets.

Jack Roberts

CFA | Fund Manager

 

5 years of experience
5 years in group

Mark Greenwood 

Deputy CIO, Head of Investment Risk

27 years of experience
2 years in group

Tom May 

CIO

23 years of experience

15 years in group

Fahad Hassan
CFA | CIO at Albemarle Street Partners

15 years experience

Performance as at 31 May 2024

Past performance does not predict future returns.

Cumulative performance (%)

Source: Atlantic House. FE Analytics. NAV performance. Total Return basis in GBP as at 31/05/24. 

Calendar Year Performance (%)

Source: Atlantic House. FE Analytics. NAV performance. Total Return basis in GBP as at 31/05/24. 

The fund is officially grouped into the IA Targeted Absolute Return Sector. However, given the fund has a 60% exposure to equity through defined return investments, we see the appropriate benchmark (internally) as the IA Mixed Investment 20% - 60% sector. However, IA rules dictate that to officially be in this sector, a fund must hold between 20% and 60% in direct equity. Since the fund’s exposures to equity are not through direct investments, but instead are through derivatives, the fund is officially grouped into the IA Targeted Absolute Return Sector instead.

The fund combines exposure to traditional assets with modern investment techniques to build a robust and diverse portfolio, aiming to achieve its objective across a wide range of market conditions.

Why consider this fund?
 

Crash Protection

Overlaying the equity sleeve, crash protection provides diversification to equity during periods of severe market stress. This could be thought of as an airbag in a car, you shouldn't see or feel the protection unless there is a crash.

Systematic Dynamic Fixed Income

By combining systematic dynamic fixed income with inflation, the fund offers a solution to fixed income that provides diversification to equity across multiple inflationary environments. Using derivatives allows access to inflation without the duration.

Positive Returns

Over the medium to long term across a range of market conditions, with around half to two thirds the volatility of equity markets.

Optimised Multi-Asset Solution

The fund provides exposure to characteristics of bonds and equities and aims to optimise these allocations with the use of derivatives. In so doing, the fund can provide a lower risk of capital loss than an equivalent investment in bonds and equities, and provide a more predictable journey for investors.

What does the Fund invest in?

The fund differs from conventional multi-asset funds through its unique three-pronged approach, each element tailored to enhance resilience and predictability

Equity - 60%

The fund's equity exposure is the engine room of the portfolio, aiming to drive predictable returns from derivative-based investments linked to the performance of global equity indices. 

Fixed Income - 40%

Combines systematic dynamic fixed income with inflation, offering a solution for fixed income that provides diversification to equity across multiple inflationary environments. Using derivatives allows access to inflation without the duration, providing further diversification potential to traditional fixed income exposure.

Alternatives

Overlaying the equity sleeve, crash protection provides diversification to equity during periods of severe market stress. This could be thought of as an airbag in a car, you shouldn't see or feel the protection unless there is a crash.

Source:  Atlantic House

Distributions

Investors who receive distributions from the Fund should be aware that these payments are made from capital, this will limit the potential for capital growth.

  • This is not a comprehensive list of every risk factor. You can view the full list in the Risk Warning section of the Prospectus, Supplement and Key Investor Information Document here.

    • The Fund’s returns will not keep pace with strong rises in equity markets.

    • The value of investments and any income from them can go down in value, and you could get back less than invested.

    • There is no guarantee that the Fund will achieve its objective.

    • The Fund invests in derivatives.  Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of losses and gains, causing the value of a derivative investment to fluctuate and the Fund could lose more than the amount invested. 

    • The Fund invests in high quality government and corporate bonds. All bonds will be rated at least A- by Standard and Poors at outset. If any of the bonds the Fund owns suffer credit events the performance of the Fund could be adversely affected.

    • The Fund may invest in securities and markets which experience specific risks due to increased volatility, liquidity, political and economic stability.

    • Other risks the Fund is exposed to include but are not limited to, credit, custodial and counterparty risk, possible changes in exchange rates, interest rates and inflation, changing expectations of future market volatility, changing expectations of equity market correlation and changing dividend expectations.

  • Objective: To generate positive returns in most market conditions over any given three-year period.​

    Launch date: 5 December 2018​

    Fund size: £46.67mn​

    Comparator Benchmark: IA Targeted Absolute Return Sector​

    Minimum investment: £1,000​

    Dealing: Daily​

    Ongoing Charges (OCF): 0.75% (Capped)​

    Manager: Gemini Capital Management (Ireland) Limited ​

    Domicile: Dublin, Ireland​

    Fund Identifiers:  A share class: SEDOL: BDZQTC8, ISIN: IE00BDZQTC81, BLOOMBERG: AHFMTAA ID

  • 7IM, abrdn, Aegon ARC, AJ Bell, Aviva, Elevate, Fidelity, Fundment, M&G (Ascentric), Nucleus, Pershing, Quilter, Raymond James, Transact, and Wealthtime (Novia) 

    • This is a marketing communication.

    • A copy of the English version of the Supplement, the Prospectus, and any other offering document and the KIID can also be viewed at www.geminicapital.ie.  A summary of investor rights associated with an investment in the Fund is available in English at www.geminicapital.ie.

    • A decision may be taken at any time to terminate the arrangements for the marketing of the Fund in any jurisdiction in which it is currently being marketed. Shareholders in affected EEA Member State will be notified of any decision marketing arrangements in advance and will be provided the opportunity to redeem their shareholding in the Company free of any charges or deductions for at least 30 working days from the date of such notification.

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